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Friday 22 November 2019

Swiss Investments in Kazakhstan Exceeds $24 bln


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NUR-SULTAN / ex ASTANA (KazInform) — Over 15 years the volume of Swiss investments in Kazakhstan has exceeded $24 bln, said President of Kazakhstan Kassym-Jomart Tokayev after the meeting with the President of the Swiss Confederation Ueli Maurer,

Ueli Maurer

According to Tokayev the Swiss Confederation is the third largest investor in Kazakh economy and is one of the top ten largest trading partners of Kazakhstan. Over 15 years the volume of Swiss investments has exceeded $24 bln. Tokayev said:

During the negotiations I expressed gratitude to the Swiss side for their assistance in the field of transboundary water use and water diplomacy in Central Asia. He offered our partners the prospect of coordinating efforts in this area taking into account similar initiatives of Kazakhstan in the humanitarian dimension and in the context of the implementation of the UN sustainable development goals. We agreed with President Maurer that the main component of the Kazakh-Swiss partnership is the economic component


The Kazakh President emphasized that he is well aware of Switzerland as a country with the powerful innovative industry and developed agriculture, as one of the main financial and banking centres of the world. In turn, Kazakhstan is characterized by stable economic growth and the best investment climate in the region. Kazakhstan is ranked 25th in the Doing Business. Tokayev is certain that Swiss business appreciates the opportunities offered by the Kazakhstan market.

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